On 26 June, an article from Dentons said that sanctions imposed by the US, the EU and other jurisdictions in relation to certain Russian individuals and legal entities, since 2014, have had a substantial impact on international arbitration involving Russian parties. One of the problems, it is said, particularly in the light of secondary sanctions, is that it is impossible for a business to predict whether its counterparty, which is not subject to any sanctions at the time of entering into a commercial transaction, will be sanctioned in the future, as new sanctions are regularly introduced against new subjects without any obvious transparent logic behind them.



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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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